Commodity Trade Mantra

Posts Tagged ‘Shale Prices’

Victory For Saudi Arabia, North Dakota's Largest Oil Producer Suspends All Fracking

Reuters reports, that North Dakota’s largest producer, Whiting Petroleum, would suspend all fracking, and that Continental Resources has effectively done the same after reporting that it no longer has any fracking crews working in the Bakken shale. It was also a confirmation that the Saudi plan to put high-cost producers on ice is working, if only temporarily.

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